Valuation Tool for Charitable Contributions is Gone!!

[bennettgreg]

One of the most valuable help tools in TurboTax is the valuation tool for household items given to charity - like to the Salvation Army.  This is missing in the 2025 Home and Business software.  And....it looks like it is missing for new items in the 2024 software too.  I tried to compare 2024 to 2025, and the tool existed for items that I'd already entered, but ones didn't pull it up.

I hope I just can't find it and TT has not removed this functionality.  It's core to wanting to use the software.

[CatinaT1]

This article will help you download any data you had in ItsDeductible (if used previously or during the year before it was shut down in October).

A FMV calculator has been added, but it does not have the same functionality as ItsDeductible. 

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[AndyB67]

I assume I can just sum up the values for everything in a box of (e.g.) clothes donated on given day and put that in as a single donation, correct?  (Clearly with the new FMV "calculator" I have to do all the math myself, but that's not hard, just tedious.)

[JohnB5677]

While listed as "coming soon" in the software, users can currently use external donation value guides, the Goodwill Valuation Guide

or Salvation Army Thrift Stores  

[AndyB67]

I used the FMV tool in the software, but all it does let me search for ONE item at a time.  It does not total up the value for, say, a box full of clothing items as a single donation, which is what the prior "it's deductible" interface did; I had to do that part manually (not hard, just tedious.)  So now TT shows three donations to my thrift store, each of which is labeled something like "box of women's clothing" with an associated FMV that I calculated and entered; unlike in past years, TT has no record of the individual items in those three boxes.  I have the items inventoried on paper along with the FMVs that TT provided, and I want to be sure that that is sufficient documentation.  

[CatinaT1]

Yes. You need to keep the documentation in case the IRS asks for it, but what you have entered is perfect.

[user17753980281]

OMG.  This is a friggin disaster.  It will take me hours longer to complete our returns.  Why the hell would they delete this?